IMX Technical Analysis Mar 22

IMX is testing the $0.1715 resistance while maintaining its short-term uptrend and structural integrity. Staying above critical support levels is essential for trend continuation, otherwise CHoCH risk increases.

Market Structure Overview

IMX’s current market structure is trading in a classic HH/HL (Higher Highs / Higher Lows) formation reflecting the short and medium-term uptrend. With the current price positioned at the $0.17 level, it shows strong hold above the last swing low of $0.1677 with a 24-hour 3.06% increase. Trading above EMA20 ($0.17) reinforces the short-term bullish signal. However, the Supertrend indicator is giving a bearish signal at the $0.20 resistance, indicating potential correction risk after a resistance test. In MTF (Multi-Timeframe) analysis, a total of 10 strong levels were detected across 1D, 3D, and 1W timeframes: 3 supports/2 resistances in 1D, 1 support in 3D, 2 supports/3 resistances in 1W. These levels play a critical role in determining structural targets. RSI at 51.09 is in the neutral zone, while MACD supports bullish momentum with a positive histogram. The Robinhood spot exchange listing news (19.03.2026) acted as a positive catalyst, lifting the price and potentially triggering an altcoin rally.

Trend Analysis: Uptrend or Downtrend?

Uptrend Signals

The uptrend is clearly defined with recent higher highs and higher lows. The latest swing low at $0.1677 (score: 71/100) was recorded, positioned above the previous $0.1589 (64/100) and $0.1496 (69/100) lows, confirming the HL structure. Reaching $0.17 has brought it closer to the $0.1715 swing high (77/100). This HH/HL sequence strengthens the trend continuation pattern. EMA structure is bullish: Price above EMA20, confirming the short-term uptrend. MACD’s positive histogram shows momentum in favor of buyers. As a structural target, the $0.2409 (score: 31) bullish continuation level should be monitored; reaching it requires a BOS (Break of Structure) above the $0.1981 resistance (64/100).

Downtrend Risk

For a downtrend, an LH/LL (Lower Highs / Lower Lows) formation is expected. A close below the $0.1677 swing low would give the first CHoCH (Change of Character) signal and trigger a bearish BOS. This break could lead to a quick pullback to the $0.1589 and $0.1496 supports. Supertrend being bearish at $0.20 increases the risk of a double top or reversal pattern. Even though RSI is at 51, a drop below 50 signals momentum loss. Bearish target $0.0798 (score: 22); reaching it requires LL confirmation on the weekly timeframe.

Break of Structure (BOS) Levels

Structure break levels are vital for confirming trend changes. Bullish BOS: A daily close above the $0.1715 swing high forms a new HH and opens the path to $0.1981. This break confirms uptrend continuation and activates the $0.2409 target. Bearish BOS: A close below the $0.1677 swing low breaks the structure and initiates the LH/LL sequence. This level is a strong support with score 71/100; if broken, there is liquidation cascade risk down to $0.1496. In MTF, monitor 1W resistances (around $0.1981) – this is a major BOS level. For CHoCH, the price needs to disrupt the last high/low balance; for example, rejection at $0.1715 + break below $0.1677 accelerates reversal.

Swing Points and Their Importance

Latest Swing Highs

The latest swing high at $0.1715 (77/100) dominates as short-term resistance. This level was recently tested and approached with a 3% rise. If broken, the next target is $0.1981 (64/100) – a strong R on the 1W timeframe. The importance of swing highs is as BOS references: A new high shows trend strength. In case of rejection, fakeout risk increases and creates opportunities for short positions.

Latest Swing Lows

The latest swing low at $0.1677 (71/100) is the main support and foundation of the uptrend. This level formed an HL above the previous $0.1589 (64/100) and $0.1496 (69/100). If it holds, buyers step in; if broken, bearish momentum accelerates. Swing lows serve as stop-loss points for risk management: Below $0.1677 invalidates longs.

Bitcoin Correlation

IMX has high correlation with BTC but is showing decoupling signals with the Robinhood listing news. While BTC is down -1.81% at $69,352, IMX is up +3.06% – positive divergence. Even though BTC key supports are N/A, a break below $65k could pull IMX to $0.15 levels. Conversely, a BTC rally above $70k would facilitate IMX’s $0.20 BOS. With low BTC dominance, altcoin season opportunity; monitor IMX/BTC pair – upside break is bullish.

Structural Outlook and Expectations

Overall structural outlook is bullish: HH/HL preserved, uptrend valid as long as above $0.1677. $0.1715 BOS expected; if successful, path to $0.2409. Risk: $0.1677 break initiates CHoCH and LH/LL. News flow (Robinhood) supports momentum. Follow the structure on Spot IMX and Futures IMX. Attention: Market is volatile, trade with MTF levels.